Global Currency Reset Underway: IQD: $9.35 – now activated on internal banking platforms! #iraq

 

Fitch Ratings: Iraqi banks will not be harmed by the decline in oil prices.

 Fitch Ratings: Iraqi banks will not be harmed by the decline in oil prices.

Fitch Ratings confirmed on Saturday that the Iraqi banking sector is not affected by the decline in oil prices due to its lower credit rating.

The agency said in a report seen by Shafaq News Agency that "the indirect effects resulting from the decline in oil prices and weak global growth may lead to a decline in government spending, severely impacting banking operating conditions in most Gulf and Middle Eastern countries."

She added, "The banking sector in Iraq has low credit ratings, with most banks classified as CCC. These ratings are unlikely to be affected by the negative impact of lower oil prices, especially given the central bank's strong ability to support government spending."

The agency noted that "credit conditions in Gulf banks could also deteriorate if profitability and cash flows decline for companies operating in affected sectors. However, they are well-positioned to absorb any deterioration in the operating environment, thanks to the strengthening of their financial reserves in recent years."

Fitch Ratings is one of the largest global rating agencies. Founded in 1914 and headquartered in New York and London, its mission is to assess the creditworthiness of countries and companies and provide reports that help investors determine the risks of loans and investments.

Fitch is one of the world's top three rating agencies, along with Standard & Poor's and Moody' link

TIDBIT FROM CLARE

 Clare  

Article:  "Al-Sudani's advisor: Iraq's foreign exchange reserves are fine"  

 Quote:   "Saleh said, Iraq's foreign currency reserves still have the capacity to cover 100% of the national currency issued, and that commercial efficiency has been achieved...

On March 31, 2025, the Central Bank of Iraq revealed that the central bank's net foreign reserves for 2024 amounted to 130.81 trillion dinars, a 10.18% decrease compared to the same period in 2023,"

MARKZ: We should have a new rate on the dinar before they ascend!! @DINARREVALUATION #iraqidinar

 

Al-Sudani succeeded in transforming trade relations with Türkiye into investment opportunities.. His advisor

 Al-Sudani succeeded in transforming trade relations with Türkiye into investment opportunities.. His advisor

"A transition that is happening for the first time"

The Prime Minister's Advisor for Investment Affairs, Mohammed al-Najjar, affirmed on Saturday that Iraq has become an attractive environment for Turkish investments, noting that Prime Minister Mohammed Shia al-Sudani has succeeded in transforming trade relations with Türkiye into investment opportunities.

Iraq is the first country in which Turkey will invest,” Al-Najjar said in a statement to the official agency, followed by 964 Network. “It is well known that Turkey is the one looking for investment opportunities and requesting investments, but we have succeeded, through government measures, in attracting investment environments in Iraq.” He pointed out that “the opportunities created by the Prime Minister have made Iraq an attractive country for Turkish companies, which constitutes an important platform for a large number of countries to enter and invest in the opportunities available in Iraq.”

He added that "the entry of Turkish investments into Iraq represents a turning point in relations between the two countries. This is the first time that relations have shifted from a commercial aspect to an investment aspect." He pointed out that "there are multiple areas for Turkey to invest in Iraq, including infrastructure, roads, energy, and communications, all of which represent significant opportunities for Turkish companies that have begun to invest, not just in contracting or commercial operations."

Al-Najjar explained that "Iraq has worked to transform its relationship with Türkiye into an investment relationship, including a path to development, which will constitute a fundamental pillar for Turkey as a starting point for investment."  link

FIREFLY: He wants us to build our own stuff

 Frank26  

 [Iraq boots-on-the-ground report] 

 FIREFLY:Sudani says our goal is to meet the needs of the Iraqi market and stop importing from abroad. 

 It looks like he wants to follow in the same footsteps as President Trump.  He wants us to build our own stuff. 

 FRANK:  Yeah, Made In Iraq.  That's pretty cool.  Also, he says that because he knows the only way to meet it is with a new exchange rate.

MARKZ: BANKS ACCEPTING IQD, VND, IDR : To me this is a great sign we are very close!! #iraq #iqd